AFI Properties Income Statement

Financials in millions ILS. Fiscal year is January - December.

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	1,066	988.53	798.27	617.06	555.5	405.91
Property Management Fees	375.26	329.7	270.29	268.49	189.34	127.09
Other Revenue	103.26	180.18	303.77	275.74	402.83	414.57
Total Revenue	1,545	1,498	1,372	1,161	1,148	947.56
Revenue Growth (YoY	3.86%	9.19%	18.17%	1.19%	21.12%	7.76%
Property Expenses	492.74	520.23	612.59	592.86	567.5	477.95
Selling, General & Administrative	141.39	140.11	110.41	136.01	83.7	86.09
Other Operating Expenses	9.7	-0.79	-1.9	6.33	-2.61	-3.51
Total Operating Expenses	643.82	659.55	721.1	735.2	648.59	560.53
Operating Income	901.02	838.86	651.23	426.09	499.08	387.04
Interest Expense	-564.35	-560.57	-422.1	-340.25	-251.66	-148.94
Interest & Investment Income	91.53	74.14	50.93	35.86	26.86	11.69
Income (Loss) on Equity Investments	82.98	132.66	33.16	50.4	89.57	12.76
Currency Exchange Gain (Loss)	-67.29	-67.29	93.29	80.07	-114.68	4.28
Other Non-Operating Income	-33.86	-33.86	-201.03	-63.91	149.49	-20.81
EBT Excluding Unusual Items	410.03	383.95	205.48	188.26	398.67	246.01
Gain (Loss) on Sale of Investments	41.92	41.92	-	86	-	-
Gain (Loss) on Sale of Assets	9.07	-	-	-	-	-
Asset Writedown	540.8	420.24	58.08	472.71	542.59	-194.47
Total Legal Settlements	-	-	-	-	-	-1.13
Other Unusual Items	4.5	10.5	3	-6.63	-9.3	-
Pretax Income	1,006	856.6	266.56	740.33	931.96	50.41
Income Tax Expense	207.21	186.71	53.27	152.65	143.31	32.24
Earnings From Continuing Operations	799.11	669.89	213.29	587.69	788.65	18.17
Net Income to Company	799.11	669.89	213.29	587.69	788.65	18.17
Minority Interest in Earnings	-3.25	-6.59	-1.89	-2.2	-1.32	0.92
Net Income	795.86	663.3	211.4	585.49	787.34	19.09
Net Income to Common	795.86	663.3	211.4	585.49	787.34	19.09
Net Income Growth	34.77%	213.76%	-63.89%	-25.64%	4024.12%	-95.07%
Basic Shares Outstanding	38	38	38	38	36	34
Diluted Shares Outstanding	38	38	38	38	36	34
Shares Change (YoY)	1.15%	0.03%	0.43%	4.51%	5.58%	19.11%
EPS (Basic)	20.83	17.43	5.56	15.52	21.83	0.56
EPS (Diluted)	20.69	17.43	5.56	15.46	21.73	0.56
EPS Growth	33.20%	213.56%	-64.05%	-28.85%	3803.57%	-95.86%
Dividend Per Share	-	-	-	-	1.380	-
Operating Margin	58.32%	55.98%	47.46%	36.69%	43.49%	40.85%
Profit Margin	51.52%	44.27%	15.40%	50.42%	68.60%	2.02%
EBITDA	907.27	844.79	655.81	430.23	503.29	392.83
EBITDA Margin	58.73%	56.38%	47.79%	37.05%	43.85%	41.46%
D&A For Ebitda	6.25	5.93	4.58	4.14	4.21	5.8
EBIT	901.02	838.86	651.23	426.09	499.08	387.04
EBIT Margin	58.32%	55.98%	47.46%	36.69%	43.49%	40.85%
Effective Tax Rate	20.59%	21.80%	19.98%	20.62%	15.38%	63.96%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.